thitivong Shipping company ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has experienced a new bout of volatility at the beginning of 2024 as global ocean freight rates surged in the wake of attacks in the Red Sea. Though freight rates have corrected a bit to the downside lately, I think that the increase in prices is obviously very favorable for ZIM Integrated Shipping, and particularly as far as a dividend comeback in 2024 is concerned. The stock also appears to have bottomed out in late 2023, sugg ...

Zim Integrated Shipping Services (ZIM -15.44%) reported fourth-quarter results that were slightly above expectations, but there is no end in sight to the macro headwinds that have plagued this business. Investors were hoping for more, and Zim shares were down nearly 14% as of 11:30 ET Wednesday.Zim is treading waterZim owns and operates a fleet of cargo ships. This is a cyclical business, and 2023 was a difficult year. Concerns about the global economy and higher interest rates led big shipping customers to ...

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Q4 2023 Earnings Conference Call March 13, 2024 8:00 AM ET Company Participants Elana Holzman - Head of IR Eli Glickman - President & CEO Xavier Destriau - CFO Conference Call Participants Omar Nokta - Jefferies Alexia Dogani - Barclays Sathish Sivakumar - Citi Oystein Vaagen - Fearnley Securities Operator Hello and welcome to the ZIM Integrated Shipping Services Q4 and Full Year 2023 Earnings Conference Call. All lines have been placed on mute to prevent any ...

INVESTOR PRESENTATION Q4 & FY 2023 FINANCIAL RESULTS Disclaimer Q4 & FY 2023 highlights Financial highlights 2024 guidance Market update Summary Cash flow from operations $1.0 Bn (-83%) Total liquidity (31.12.2023) $2.7 Bn Revenue $5.2 Bn (-59%) Adj EBITDA 20% Margins Adj EBITDA $1.0 Bn (-86%) Adj EBIT -8% Adj EBIT $(422) Mn* Margins Total equity** (31.12.2023) 2.5 Bn 3 Q4 & FY 2023 highlights Financial highlights 2024 guidance Market update Summary | --- | --- | --- | |------------------------------------- ...

ZIM Integrated Shipping Services (ZIM) came out with a quarterly loss of $1.23 per share versus the Zacks Consensus Estimate of a loss of $1.33. This compares to earnings of $3.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.52%. A quarter ago, it was expected that this container shipping company would post a loss of $1.56 per share when it actually produced a loss of $1.97, delivering a surprise of -26.28%.Over the last ...

Zim Integrated Shipping Services Ltd (NYSE: ZIM) is in the red today even though it reported better-than-expected earnings for its fourth financial quarter.Zim Integrated’s outlook for fiscal 2024Copy link to sectionShares are still trending down perhaps because investors are not fully content with the guidance. The cargo transport company forecasts up to $1.45 billion in adjusted EBITDA for 2024. Eli Glickman – the chief executive of Zim Integrated said in a press release on Wednesday:We’re well on our way ...

Full Year 2023 Revenue of $5,162 Million and Net Loss of $2,688 Million1 Adjusted EBITDA and Adjusted EBIT in Line with Guidance: Adjusted EBITDA2 of $1,049 Million and Adjusted EBIT2 Loss of $422 Million Full Year 2024 Outlook: Adjusted EBITDA of $850 Million to $1,450 Million and Adjusted EBIT Loss of $300 Million to Earnings of $300 Million3 HAIFA, Israel, March 13, 2024 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced today its conso ...

Exhibit 99.1 ZIM Reports Financial Results for the Fourth Quarter and the Full Year of 2023 Adjusted EBITDA and Adjusted EBIT in Line with Guidance: Adjusted EBITDA2 of $1,049 Million and Adjusted EBIT2 Loss of $422 Million Full Year 2024 Outlook: Adjusted EBITDA of $850 Million to $1,450 Million and Adjusted EBIT Loss of $300 Million to Earnings of $300 Million3 Haifa, Israel, March 13, 2024 – ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced today its ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) ...

In the latest trading session, ZIM Integrated Shipping Services (ZIM) closed at $10.80, marking a -1.37% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 1.02% for the day. On the other hand, the Dow registered a loss of 1.04%, and the technology-centric Nasdaq decreased by 1.65%.Shares of the container shipping company witnessed a loss of 16.92% over the previous month, trailing the performance of the Transportation sector with its gain of 3.22% and the S&P 500's ...